New Found Gold
NFGC
43 hedge funds and large institutions have $21.9M invested in New Found Gold in 2024 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 14 increasing their positions, 7 reducing their positions, and 7 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 7
57% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 7
8% more funds holding
Funds holding: 40 → 43 (+3)
0.62% more ownership
Funds ownership: 3.44% → 4.06% (+0.62%)
9% less capital invested
Capital invested by funds: $24M → $21.9M (-$2.05M)
62% less call options, than puts
Call options by funds: $208K | Put options by funds: $543K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VanEck Associates
New York
|
+$1.63M |
| 2 |
Morgan Stanley
New York
|
+$1.33M |
| 3 |
Marshall Wace
London,
United Kingdom
|
+$875K |
| 4 |
Renaissance Technologies
New York
|
+$793K |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$433K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIBC World Market
Toronto,
Ontario, Canada
|
-$773K |
| 2 |
IAN
Integrated Advisors Network
Dallas,
Texas
|
-$279K |
| 3 |
VF
Virtu Financial
New York
|
-$186K |
| 4 |
Millennium Management
New York
|
-$124K |
| 5 |
QC
Quadrature Capital
London,
United Kingdom
|
-$68.4K |
NFGC Hedge Fund Activity: Q2 2024 in Review
43 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in New Found Gold (NFGC) for Q2 2024, worth a combined $21.9M — down 8.6% from $24M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new NFGC positions and 7 closed out — a net gain of 4 holders — while 14 added to existing stakes and 7 trimmed.
The largest buyer was VanEck Associates, adding an estimated $1.63M. The largest seller was CIBC World Market, cutting an estimated $773K.
- 43 institutional investors held New Found Gold (NFGC) as of Q2 2024, up from 40 in Q1 2024.
- Funds reported $21.9M of New Found Gold stock for Q2 2024, down 8.6% quarter-over-quarter.
- 11 funds opened new New Found Gold positions in Q2 2024 and 7 closed out, a net change of +4 holders.
- The largest New Found Gold buyer in Q2 2024 was VanEck Associates, an estimated $1.63M added.
- The largest New Found Gold seller in Q2 2024 was CIBC World Market, an estimated $773K sold.
Based on aggregated 13F filings for Q2 2024.